Some good economic news

With all of the economic gloom and doom in the media, I thought I’d share some good business news. I’ll warn you, though, this good news isn’t going to ignite GDP or anything. Are you ready? Here it is: The value of bicycle shipments to the independent bicycle dealer network rose 5.3% in January 2009 compared with January 2008, according to the Bicycle Product Suppliers Association. The value of the shipments was $49.2 million in January 2009 versus $46.7 million for January 2008, The national Sporting Goods Association summarized the report this way: “Among major bike categories, the value of shipments of road bikes was down 13% in January to $17.1 million versus $19.6 million in January 2008. Front suspension mountain bikes were up 21% in January, rising to $9.8 million. Dual-suspension mountain bikes shipments rose 9% in January, to $8.2 million.”

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